Riding high the day after detailing a series of new products at its Spring Forward event, Apple's chief executive Tim Cook recapped the company's progress at its annual shareholder meeting on Tuesday, with a particular focus on acquisitions, partnerships and achieving the kind of diversity that reflects the company's growing, global audience of employees and customers.

Apple's annual shareholder meeting was held at its corporate campus on Tuesday, and went by largely without any surprises, as the company's board of directors was reelected with near-universal support from shareholders, while other initiatives were rejected.

Analysts on Wall Street came away generally pleased with this week's announcement of Apple Watch launch details, viewing the new platform as a way to extend the company's valuable ecosystem and generate more revenue from high-margin products.

Demand for the iPhone 6 continues to outstrip Apple's ability to keep up with supply, as a new survey from UBS has led the investment firm to increase its projected sales for the March quarter to a whopping 58 million units.

Berenberg Bank believes Apple's financial model is too reliant on the iPhone, and has predicted that the company's shares will plummet more than 50 percent to $60 -- a price target so extreme that it seems more of a statement than an actual, plausible forecast.

Apple stock hit a new high of $133 at the closing bell on Monday, rocketing up 2.7 percent on the day to grow its market capitalization to just under $775 billion, a number two times larger than second-largest publicly traded U.S. company Exxon Mobil.

Hedge funds, mutual funds, and other large investors continue to make Apple a core component of their portfolios, with over 2,000 individual funds holding shares worth more than $380 billion at the close of 2014, by far the most for any U.S. company.

Apple is set to announce an update to its capital return program in April, and investment firm RBC Capital Markets believes the company could return some $65 billion to investors annually, creating yet another reason to buy into the company's stock.

Investment firm BMO Capital Markets was the latest to increase its Apple price target this week in the face of the stock's huge gains, which are forecast to continue with the success of the iPhone 6 and upcoming launch of the Apple Watch.

Investment firm J.P. Morgan on Wednesday revised its estimates to accommodate for the April launch of the Apple Watch, a product it believes will help push shares of AAPL to $145 before the end of 2015.

Apple CEO Tim Cook was among the guests of honor at Tuesday's annual Goldman Sachs Technology and Internet Conference, where he discussed a range of topics including the Apple Watch's role in life, Apple Pay's growth, and the symbiotic partnership with enterprise giant IBM.

Shares of Apple reached a new all-time high on Tuesday, closing at $122.02 per share, with a record breaking market capitalization level of $710.74 billion -- the largest closing value ever for any U.S. company.